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arxiv: cond-mat/0402239 · v1 · submitted 2004-02-09 · ❄️ cond-mat.stat-mech · q-fin.PR

Non-Life Insurance Pricing: Multi Agents Model

classification ❄️ cond-mat.stat-mech q-fin.PR
keywords economicinsurancenon-lifepricingprincipleagentsconceptentropy
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We use the maximum entropy principle for pricing the non-life insurance and recover the B\"{u}hlmann results for the economic premium principle. The concept of economic equilibrium is revised in this respect.

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